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What is the cost of goods available for sale

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Question - The following information pertains to Friendly Company's operating activities for 2012. The company sells light box toys and sold 10,000 units in 2012.

Purchases $126,000

Selling and Administrative Expenses $90,000

 Merchandise inventory, 1/1/2012 $14,000

Merchandise inventory, 12/31/2012 $10,000

Sales Revenue $250,000

Required - What is the cost of goods available for sale for 2012?

Reference no: EM133003343

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